When You Buy at a Low Price in One Market

question 10

Multiple Choice

When you buy at a low price in one market then sell at a higher price in another market you are engaging in

• A)odd pricing.
• B)arbitrage.
• C)an antitrust prohibited practice.
• D)price discrimination.

---

Definitions:

Spontaneous Recovery

The reappearance of a conditioned response after a period of lessened response.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, which are used to either increase or decrease the likelihood of a behavior repeating.

Classical Conditioning

A training technique characterized by the recurrent pairing of two cues, leading to an outcome where the first cue alone can elicit a response initially caused by the second cue.

Generalization

The process in psychology of applying learned behavior and responses to similar stimuli that were not part of the original learning.